Nyse Technologies expands connectivity into China with Stocom deal

Source: Nyse Technologies

Nyse Technologies, the global commercial technology unit of Nyse Euronext, today announced that Shanghai Stock Communications (Stocom), a wholly owned subsidiary of the Shanghai Stock Exchange, will establish a connection to the Nyse Technologies Marketplace for FIX order routing services.

This partnership is designed to further expand NYSE Technologies network reach in China and enable traders and investors to more easily trade cross-borders with unmatched speed and reliability.

With this secure and fully redundant connectivity service, NYSE Technologies MarketplaceTM FIX order routing services opens up the opportunity for SSE members using STOCOM services to have reliable, yet immediate electronic access to trading counter-parties for multi-asset trading globally. This also enables licensed institutions outside of China to extend their FIX connectivity reach into mainland China quickly and efficiently.

"We are thrilled that STOCOM selected NYSE Technologies Marketplace as part of its international strategy and their global order routing platform of choice," said Peter Tierney, Managing Director of NYSE Technologies in the Asian region. "This partnership further underscores our commitment to expand our points of connectivity to Asian markets and other key destinations around the world."

"With NYSE Technologies Marketplace we can now provide our members access to more than 1,200 buy-side and sell-side institutions and connections to exchanges and other electronic trade execution venues around the world," said PhD Lin Pei, Vice General Manager, STOCOM. "This new connectivity will help to differentiate our market participants from the competition while also benefitting QDII (Qualified Domestic Institutional Investors) and QFII (Qualified Foreign Institutional Investors) brokers to greatly reduce the cost and time to reach overseas markets."

Through this new connectivity service, NYSE Technologies will offer Chinese institutional clients access to Marketplace, one of the industry's broadest and deepest FIX-based communities where more than 1,200 global trading counterparties connect to one another via more than 10,000 fully managed FIX-based messaging channels. Marketplace members benefit from accesss to a wide range of liquidity sources, lower trading costs and unparalleled speed-to-market with new trading counterparties and services.

Available as a neutral, flexible, fully-managed electronic trading solution supported by the industry's most experienced FIX specialists, NYSE Technologies Marketplace offers customers the benefits of FIX order routing, certification, version translation coupled with extensive training and educational programs.

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